Planet 13 Holdings, Inc. (TSE:PLTH) has released an update.
Planet 13 Holdings Inc. has successfully completed a public offering, raising approximately $11.3 million through the sale of 18.75 million units at $0.60 each, inclusive of common stock and warrants. The funds raised are earmarked for general corporate purposes, such as acquiring more retail cannabis licenses and expanding retail operations in Nevada, Florida, and Illinois. Canaccord Genuity managed the offering, which was made possible through a shelf registration statement and is available for review on the SEC’s website.
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